Oki Electric Industry (6703) Q2 2026 earnings summary

Executive summary

• Net sales for H1 FY2025 were ¥179.4 billion, down 9.2% year-over-year, mainly due to the absence of large-scale projects.

• Operating income decreased 80.4% year-over-year to ¥1.2 billion.

• Profit attributable to owners of parent fell 75.3% year-over-year to ¥0.6 billion, but full-year forecast was raised to ¥16.0 billion due to structural reforms and cross-shareholding sales.

• Comprehensive income rose sharply to ¥3.7 billion, up 826.3% year-over-year, driven by gains in other comprehensive income.

• Annual dividend per share remains unchanged at ¥50.

Financial highlights

• H1 FY2025 gross profit was ¥43.5 billion, down from ¥50.8 billion year-over-year.

• Ordinary profit dropped to ¥0.9 billion, down 80% year-over-year.

• Basic earnings per share for H1 FY2025 were ¥6.77, compared to ¥27.45 in the previous year.

• Total assets as of September 30, 2025, were ¥393.0 billion, with a shareholders' equity ratio of 37.0%.

• Exchange rates: USD/JPY 146.0, EUR/JPY 168.1.

Outlook and guidance

• Full-year net sales forecast revised to ¥440.0 billion, down ¥10.0 billion due to EMS segment.

• Operating income forecast unchanged at ¥19.0 billion.

• Profit attributable to owners of parent forecast raised to ¥16.0 billion (up 28.2%).

• Basic earnings per share for the full year projected at ¥184.47.

• Dividend per share forecast at ¥50.